The National Debt and Deficits By: Ben Quick

The National Debt Is the amount of debt owed by the United States Federal government to creditors who hold government securities (Treasury Notes, bonds, etc...) As of September 2007, the total U.S. National debt was $5.6 trillion As of September 2015, the total U.S. National Debt was over $18 trillion

What creates the Debt Government deficits (Deficit spending) - The government spending more money than it has(in excess of revenues). In other words, the government spends more than it collects in taxes. Each year the government does this, it increases the national debt.

Why would the government do this? Politics – politicians want to keep taxes low so that they can get reelected, but at the same time they like to make voters happy by spending more Fiscal Policy – sometimes the government needs to cut taxes and increase spending to create economic growth

Questions?